Sacombank has launched the "Online Disbursement" service via its Internet Banking system at www.isacombank.com.vn to help businesses access funds promptly. — Photo courtesy of Sacombank

Sacombank has launched an "Online Disbursement" service for businesses via its Internet Banking system at www.isacombank.com.vn, enabling customers to receive loans quickly.

This marks a significant step forward in the bank's efforts to digitalise the transaction processes for customers.

The service is designed for corporate customers who have been granted a loan limit by Sacombank and have completed all related loan procedures.

With a simple registration process, businesses can remotely request disbursements without needing to visit the bank. The service allows an unlimited number of disbursement requests within the granted limit.

Sacombank has also integrated a "Foreign Currency Purchase" feature into this service, catering to customers who need to make overseas payments using the funds.

The steps to register and use the service include registering for the "Online Disbursement" service at any Sacombank transaction point, creating a disbursement request on Internet Banking, attaching the necessary documents, completing the request via digital signature authentication, and submitting to Sacombank.

Sacombank's e-banking system is one of the most modern and convenient digital banking solutions for individuals and businesses.

It is regularly updated and upgraded with new features to enhance the customer experience.

Some 150,000 businesses rely on this service due to its high level of safety and security, as well as its wide range of financial features that effectively meet their needs such as account opening, domestic payments, international money transfers, L/C issuance, and more.

The platform also supports various authentication methods and multi-level approval models suitable for businesses of all sizes ranging from micro firms to SMEs.

All invoices and transaction documents conducted through Sacombank's e-banking channel are digitally signed using public digital signatures, with Sacombank's e-invoice also coming with a [.xml] format making it easier for businesses to exchange information with tax authorities.

As part of its digital banking development strategy, Sacombank has adopted electronic Know Your Customer (eKYC) technology to enable businesses to open accounts online via www.sacombank.com.vn since 2022.

By simply providing a valid business registration certificate and identification documents for the legal representative, businesses can quickly open accounts and start transactions without visiting Sacombank branches.

In 2024, the bank has enhanced this process by adding a step to verify identification documents and the biometrics of the business representative. This aligns with the broader societal trend toward digitalisation while ensuring greater safety and security for customers’ accounts. — VNS